USAKYMt SterlingCamargo Heights4738 Camargo Levee Rd
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4738 Camargo Levee Rd, Mt Sterling, KY

Condo

For Sale

Listed price in listed location currency (USD).
$464,900

990

MLS® 26006865

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 6000 sqft
Garage 
HOA Fees 
Taxes 
Days Active 24
Approx. Age 9999
Avg. Price Per Sqft $77
MLS® Number 26006865

Property Address: 4738 Camargo Levee Rd, Mt Sterling, KY, 40353-7855

Average square foot calculated using Size range provided by listing agent.

Description

Opportunity knocks just minutes from downtown Mt. Sterling with this compelling 9-unit multifamily investment in the quiet Camargo community. This income-producing property offers immediate returns with 6 units currently leased, 2 rent-ready, and 1 unit ready for renovation, providing both stability and upside from day one. Spread across two buildings, the property has seen significant recent improvements, including 8 units updated or repaired within the past two years, new HVAC systems, and a recently installed metal roof on the 4-unit building. The larger building features 5 existing units plus a framed 6th unit with rough plumbing and electric already in place—ideal for increasing door count with minimal additional investment. Beyond the existing units, the property offers exceptional expansion potential: 32' x 40' shop with 12' ceilings and work pit—perfect for additional rental income, storage leases, or conversion to 2-3 more units RV pad with electric and plumbing, with space to add a second pad Infrastructure in place for scalability with 12 individual water meters onsite (currently operating on 2 meters), allowing for future tenant-paid utilities and improved expense control Positioned in a peaceful rural setting while remaining accessible to key demand drivers—just 46 minutes to Lexington and within reach of Morehead State University and Transylvania University—this property offers the ideal blend of current income, operational improvements, and long-term growth potential. Whether you're expanding your portfolio or entering the multifamily space, this is a rare value-add opportunity with multiple revenue streams already in motion.
MLS® Number26006865
Locker
Ensuite Laundry
Balcony
Furnished
Laundry LevelMain
Exposure
Exterior
Garage
Approx. Age9999
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 2, 2026List Date
$464,900List Price
  • Commute

Commute

Starting Address
Destination Address
4738 Camargo Levee Rd, Mt Sterling, KY

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